PARIS, Jan. 11, 2016 /CNW/ - Endeavour Mining
Corporation ("Endeavour Mining") (TSX:EDV) (OTCQX:EDVMF) confirms
it has been removed from the official list of the Australian
Securities Exchange ("ASX"), at the request of the company, at the
close of trading today. Endeavour Mining will continue to be
listed on the Toronto Stock Exchange ("TSX") under the symbol EDV
and quoted in the United States on
the OTCQX under the symbol EDVMF.
Endeavour Mining also announces it is transferring its
Investor Relations and Administrative office from Vancouver to Paris. Effective today,
Vincent Benoit Executive Vice
President — Strategy & Business Development has an expanded
role including investor relations and corporate communications.
Neil Woodyer, CEO,
stated
"We are starting 2016 with a continued focus on corporate
efficiency. Today we are completing the ASX delisting
process. This reduces our administrative, compliance and legal
expenses, which could no longer be justified given the low levels
of trading on the ASX relative to our TSX listing.
We are also relocating our Investor Relations and
Administrative office from Vancouver to Paris. Vincent Benoit, who joined Endeavour Mining in
November 2015 following the
transaction with La Mancha, has assumed the role of heading up our
investor relations program from Paris. Vincent has over 25
years of Corporate Finance and Investor Relations experience and is
a registered Chartered Accountant.
I would like to thank Doug
Reddy, who has been with Endeavour since 2006, for his contributions to
the Company, most recently in his role leading and expanding our
investor relations program."
About Endeavour Mining Corporation
Endeavour Mining is a TSX-listed intermediate gold mining
company producing 580,000 ounces per year from five mines in West
Africa. Endeavour Mining is focused on effectively managing
its existing assets to maximize cash flow as well as pursuing
organic and strategic growth opportunities that benefit from its
management and operational expertise.
On behalf of Endeavour Mining Corporation
Neil Woodyer
Chief Executive Officer
This news release contains "forward-looking statements"
including but not limited to, statements with respect to Endeavour
Mining's plans and operating performance, the estimation of mineral
reserves and resources, the timing and amount of estimated future
production, costs of future production, future capital
expenditures, and the success of exploration activities. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "expects", "expected",
"budgeted", "forecasts" and "anticipates". Forward-looking
statements, while based on management's best estimates and
assumptions, are subject to risks and uncertainties that may cause
actual results to be materially different from those expressed or
implied by such forward-looking statements, including but not
limited to: risks related to the successful integration of
acquisitions; risks related to international operations; risks
related to general economic conditions and credit availability,
actual results of current exploration activities, unanticipated
reclamation expenses; changes in project parameters as plans
continue to be refined; fluctuations in prices of metals including
gold; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in ore
reserves, grade or recovery rates; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes,
title disputes, claims and limitations on insurance coverage and
other risks of the mining industry; delays in the completion of
development or construction activities, changes in national and
local government regulation of mining operations, tax rules and
regulations, and political and economic developments in countries
in which Endeavour Mining operates. Although Endeavour Mining has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Please refer to
Endeavour Mining's most recent Annual Information Form filed under
its profile at www.sedar.com for further information respecting the
risks affecting Endeavour Mining and its business.
SOURCE Endeavour Mining Corporation